VSP
InactiveInactive; last annual accounts for fiscal year 2018.
Signals
1 signal. The signal on the left, the evidence on the right.
+raises risk
raises risk · Filed more than 90 days late
The financial year that closed on 30-06-2018 was due by 31-01-2019 and was filed on 29-10-2019, 271 days past the deadline. Measured on financial year 2023: companies more than 90 days late are in an abnormal legal state today in 5.61% of cases, against 1.66% across all filers.
NBB · 10 filingsDeviation from the deadline
2018
271 d late
2017
61 d early
2016
62 d early
2015
34 d early
2014
2 d early
2013
22 d late
2012
27 d late
← before the deadline
after the deadline →
Checked, nothing found (1)
Financials · fiscal year 2018, abbreviated schema
Turnover
€363k▼ 49.5%
2017 · €719k
2017: €719k
2017 → 2018
EBIT margin
80.5%=
2017 · 80.5%
2017: 80.5%
2017 → 2018
Net result
€163k▼ 44.2%
2017 · €292k
2014: €77k
2015: €41k
2016: €86k
2017: €292k
2014 → 2018
Working capital
€491k▲ 27.7%
2017 · €385k
2014: €-296k
2015: €-149k
2016: €474k
2017: €385k
2014 → 2018
Multi-year overview
Every figure with its change against the year before
▲ rise
▼ fall
Line20142015201620172018Trend
Turnover€719k€363k▼ 49.5%
Equity€738k-€779k▲ 5.5%€864k▲ 11.0%€876k▲ 1.3%€1.04M▲ 18.6%
Operating result€128k-€136k▲ 6.2%€264k▲ 93.7%€579k▲ 120%€292k▼ 49.5%
Net result€77k-€41k▼ 46.3%€86k▲ 110%€292k▲ 239%€163k▼ 44.2%
Turnover and EBIT margin not published: the abbreviated schema does not require them.
Result per fiscal year
Operating resultNet result
The operating result falls in 2018; 2018 is 49% below 2017.
Balance-sheet composition
2018 in colour, 2017 as the grey bar beneath
Assets €4.82M
Fixed assets
€4.14M ▼ 0.9%
Current assets
€683k ▼ 53.8%
Equity and liabilities €4.82M
Equity
€1.04M ▲ 18.6%
Provisions
€4k ▼ 3.2%
Debt
€3.78M ▼ 20.8%
Debt's share of the balance-sheet total falls from 84.5% to 78.4%. Equity is higher and debt is lower.
Key figures and ratios
EBITDA
€330k▼
2017 · €655k
Cash flow
€201k▼
2017 · €368k
Current ratio
3.56▲
2017 · 1.35
Debt to equity
3.45▼
2017 · 4.20
ROE
15.7%▼
2017 · 33.4%
ROA
3.4%▼
2017 · 5.2%
Debt ≤ 1 year
€192k▼
2017 · €1.09M
Debt > 1 year
€3.59M▼
2017 · €3.68M
Income taxes
€68k▼
2017 · €149k
Green means a favourable move, even when the figure itself falls: as with debt or debt to equity.
Filed annual accounts As filed with the NBB · 2018 against 2017 · 26 lines
Balance sheet
Code20172018
Assets
Total assets20/58€5.66M€4.82M▼
Fixed assets21/28€4.18M€4.14M▼
Tangible fixed assets22/27€4.18M€4.14M▼
Current assets29/58€1.48M€683k▼
Amounts receivable within one year40/41€182k€512k▲
Cash at bank and in hand54/58€2k€89k▲
Equity and liabilities
Total equity and liabilities10/49€5.66M€4.82M▼
Equity10/15€876k€1.04M▲
Contributions10/11€161k€161k=
Reserves13€607k€607k=
Profit (loss) carried forward14€98k€261k▲
Provisions and deferred taxes16€4k€4k▼
Amounts payable17/49€4.78M€3.78M▼
Amounts payable after more than one year17€3.68M€3.59M▼
Amounts payable within one year42/48€1.09M€192k▼
Income statement
Code20172018
Turnover70€719k€363k▼
Depreciation of and write-downs on formation expenses, intangible and tangible fixed assets630€76k€38k▼
Gross operating margin9900€656k€331k▼
Operating profit (loss)9901€579k€292k▼
Recurring financial income75€696€348▼
Recurring financial charges65€138k€61k▼
Profit (loss) for the period before taxes9903€441k€231k▼
Income taxes67/77€149k€68k▼
Profit (loss) for the period9904€292k€163k▼
Profit (loss) for the period to be appropriated9905€292k€163k▼
Appropriation of the result
Return on contributions (dividend)694€280k-
Timeline · acts, filings and financial milestones
2019
29-10
NBB filing
Annual accounts filed
fiscal year 2018 · abbreviated schema · 271 days late
2018
04-10
State Gazette act
Merger · Capital
Corporate purpose · Accounting effect
30-06
Financial
Liquidity triplescurrent ratio 3.56
Current ratio from 1.35 to 3.56; short-term debt falls from €1.09M to €192k.
30-06
Financial
Equity above €1MEq €1.04M ▲18.6%
5 profitable years in a row build equity to €1.04M.
31-05
NBB filing
Annual accounts filed
fiscal year 2017 · abbreviated schema
2017
31-12
Financial
Highest result since 2014net €292k ▲239%
Operating result €579k, net result €292k, both a record.
15-09
State Gazette act
Merger · Accounting effect
Capital · Corporate purpose
30-05
NBB filing
Annual accounts filed
fiscal year 2016 · abbreviated schema
2016
31-12
Financial
Liquidity times 6current ratio 3.10
Current ratio from 0.53 to 3.10; short-term debt falls from €316k to €226k.
27-06
NBB filing
Annual accounts filed
fiscal year 2015 · abbreviated schema
2015
31-12
Financial
Weakest financial yearnet €41k ▼46.3%
Net result drops to €41k, the lowest in the series.
29-07
NBB filing
Annual accounts filed
fiscal year 2014 · abbreviated schema
Show earlier events
2014
22-08
NBB filing
Annual accounts filed
fiscal year 2013 · abbreviated schema · 22 days late
2013
27-08
NBB filing
Annual accounts filed
fiscal year 2012 · abbreviated schema · 27 days late
2012
20-08
NBB filing
Annual accounts filed
fiscal year 2011 · abbreviated schema · 20 days late
2011
28-07
NBB filing
Annual accounts filed
fiscal year 2010 · abbreviated schema
2010
02-08
NBB filing
Annual accounts filed
fiscal year 2009 · abbreviated schema · 2 days late
Financial milestoneState Gazette actNBB filingFinancial milestones sit on the fiscal year-end date, not the filing date.